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8780 Millard Lee Lane, 
Chattanooga, TN 37416

$485,000


Bed


Bath


2,720

Sq Ft


Multi-Family

Active

Listed by

Wade Trammell

Austin Sizemore

Keller Williams Realty

423-664-1900

Last updated:

December 11, 2025, 03:45 PM

MLS#

1524663

Source:

TN CAR

About This Home

8780 Millard Lee Lane

Fully Leased Quadroplex on Over Half an Acre | Prime Investment Opportunity Near Booker T. Washington Park Located on a quiet street just minutes from Highway 153, 8780 Millard Lee Lane presents a strong opportunity to own a fully leased quadroplex in a high-demand rental pocket of Chattanooga. Situated on over half an acre, this income-producing property features four 1-bedroom, 1-bathroom units, each with private entrances and off-street parking. The property is currently generating $3,125/month in gross rental income, with all tenants on month-to-month leases, offering built-in flexibility and ample room to increase rents. Units are in B/C condition, making this a perfect value-add play for investors looking to improve cash flow through light updates or repositioning. Just a short walk to Booker T. Washington State Park and the lake, this location offers access to outdoor amenities while remaining close to shopping, job centers, and major thoroughfares. This is a rare find for investors seeking consistent income, low vacancy, and future upside potential—all on a spacious lot with favorable zoning. Don't miss your chance to invest in a stable, cash-flowing asset with growth potential. DO NOT DISTURB TENANTS. Information deemed reliable, but not guaranteed. BUYER to verify any and all information deemed important.

Home Facts

Multi-Family

Built in 1984

Price Summary

485,000

$178 per Sq. Ft.

MLS #:

1524663

Last Updated:

December 11, 2025, 03:45 PM

Added:

17 day(s) ago


Rooms & Interior

Interior

Living Area:

2,720 Sq. Ft.


Structure

Structure

Building Area:

2,720 Sq. Ft.

Year Built:

1984


Lot

Lot Size (Sq. Ft):

35,719


Finances & Disclosures

Finances

Price:

$485,000

Price per Sq. Ft:

$178 per Sq. Ft.

Source:TN CAR
The information being provided by Greater Chattanooga Association Of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Greater Chattanooga Association Of REALTORS® All rights reserved.

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